Q&A: Can You Open an IRA for Someone Else's Kid? (And Should You?)
Afford Anything
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Investing in the Future: 529 Plans and Beyond
This chapter explores the best investment strategies for gifting to a child, primarily focusing on the advantages of 529 plans for education expenses. The hosts discuss the implications of different investment accounts, including custodial options and rental properties, while addressing the rules surrounding these financial tools. Listeners gain insights into how to effectively contribute to a child's future education and the importance of understanding financial goals.
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